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Financing in 11201 : Real Estate Advice

  • All57
  • Local Info0
  • Home Buying26
  • Home Selling5
  • Market Conditions2

Activity 5
Mon Nov 11, 2013
answered:
Michael,

You're correct, many lenders don't offer Co-op financing, however, I work with a few lenders who specialize in NYC Co-op financing which is good news. The parameters are rather straightforward and I'm confident we can offer a better deal than Chase. Please contact me at your earliest convenience so I can gain a clearer snapshot of your scenario and help weigh out your options.


Kindest regards,

Paul F. Marzolla
Sr. Mortgage Advisor
(201) 957-6768
... more
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Thu Nov 7, 2013
unkhkhih answered:
I’m an agent working for ReMax NYC Midtown and I’m always doing my research on property and stay in touch with the best professionals. If you simply need advice please email me at KDrake@remaxnyc.com. I'm experienced with closing deals with rentals in the 11201 zip code. I’ve provided links below regarding any concern you may have.

Finance Advice:
http://www.fpanet.org/LifeGoals/BuyingaHome/

Bank Expertise:
David.Axelrod@bankofAmerica.com

Appraisal Expertise:
LadSurs@gmail.com

Legal Advice:
http://www.lawhelpmn.org/issues/housing/buying-and-owning-a-…

Advice for Buyers:
http://portal.hud.gov/hudportal/HUD?src=/topics/buying_a_home

Advice for Sellers:
http://www.realestateabc.com/homeselling/

Tax Concerns:
http://www.tax.ny.gov/pit/property/

Stats: http://www.citi-habitats.com/‎
... more
0 votes 6 answers Share Flag
Thu Nov 7, 2013
unkhkhih answered:
I’m an agent working for ReMax NYC Midtown and I’m always doing my research on property and stay in touch with the best professionals. If you simply need advice please email me at KDrake@remaxnyc.com. I'm experienced with closing deals with rentals in the 11201 zip code. I’ve provided links below regarding any concern you may have.

Finance Advice:
http://www.fpanet.org/LifeGoals/BuyingaHome/

Bank Expertise:
David.Axelrod@bankofAmerica.com

Appraisal Expertise:
LadSurs@gmail.com

Legal Advice:
http://www.lawhelpmn.org/issues/housing/buying-and-owning-a-…

Advice for Buyers:
http://portal.hud.gov/hudportal/HUD?src=/topics/buying_a_home

Advice for Sellers:
http://www.realestateabc.com/homeselling/

Tax Concerns:
http://www.tax.ny.gov/pit/property/

Stats: http://www.citi-habitats.com/‎
... more
0 votes 5 answers Share Flag
Sat Aug 21, 2010
Annette Levinson answered:
Jim is right. If your condo is FHA approved you also need to have a lender check if they can do the mortgage. Due to consolidation and takeovers of banks, some lenders have to many mortgages in a condominium association and cannot under federal guidelines do any more. ... more
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Wed Sep 23, 2009
answered:
Let me look into my crystal ball with our current administration...I need some glass cleaner...it's very foggy. If you can figure this calculation out...YOU'RE HIRED! Honestly, you're causing more stress than you need. Today's index is around .40. Add that with a common margin of 2.25% and you'll get 2.65% or 2% lower than what you're currently at (sorry to end with a preposition). FHA - you'll drop max 1%. You may also go up 2%, 5%, or 1% depending on the type of ARM you have. You said Treasury, not Libor, so, if the latter, you should be okay. I don't trust the Fed. Here, I spell it out for you: GOVERNMENT. Your next question should be "How long will I keep this house?" or At what point will I want to refinance? When the rates are higher than they are now or play the Russian Roullette (I can't spell foreign words) game? You need to think about refinancing into another ARM or fix it. Best thing about playing the game is that now is the time to really hammer at the principle of the loan while the rate is low. ... more
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